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HomeNewsBusinessMarketsFunds increased equity scheme cash pile to Rs 1.46 lakh crore during February selloff

Funds increased equity scheme cash pile to Rs 1.46 lakh crore during February selloff

Nearly 66% of all AMCs have increased the cash pile in their equity schemes, with the list including names like Helios MF, Bajaj Finserv MF, PPFAS MF, Quant MF ICICI Pru MF, and Axis MF among others. Experts attribute this increase to the cautious approach adopted by fund managers, particularly in the smallcap funds.

Experts suggest that many funds could also be looking to take a more conservative approach when it comes to funds that exclusively require them to orient their investment towards small caps very specifically.

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